Digital Finance Blog

As a software development company for Open Banking cyber security is critical for us and our customers. Therefore, a strategic approach is mandatory to achieve the right maturity level. The first step is to organize a security strategy that prioritizes cybersecurity as a company imperative.

ndgit announced today that the leading provider of market research and analysis on information technology, Forrester Research, has included ndgit among the nine providers that matter most in their report, „The Forrester New Wave™: Open Banking Intermediaries, Q1 2021“.

In 2021, the digitization of the banking world will accelerate significantly once again. In our webinars, we want to show what opportunities banks have to leverage this development for their business.

Banks need to open up their backend systems and connect with third-party providers. Roger Wisler, Business Manager Switzerland at ndgit, reflects in a blog post about the core aspects of opening up banks as well as on the latest developments in Switzerland.

The financial industry is undergoing hyper-digitalization, pressuring banks to question the sustainability of existing processes and develop modern, customer-focused financial services. To get insights on the status quo as well as the advised strategies of banks in regard to open banking, ndgit has conducted a survey among 100 bank decision makers.

Open Banking brings the next big change for the banking industry and requires a radical rethink of banking strategies, processes and technologies. The summary of our Open Banking Study gives you an insight into the pioneers in Open Banking and how they are currently positioned.

Over the past 18 months, one topic or acronym has been the main concern of the banking industry: PSD2 or tendered Payment Service Directive II. Driven by legal requirements, banks had to develop strategies and solutions to open their systems to third party providers [...]

What role does invisibility play for banks – especially in the area of tension of the platform economy? Today, established portals increasingly dominate customer perception. Mediated or integrated services of third parties lose their anchor point in the customers' consciousness. Are these developments a trap for banks or rather an opportunity?

Not all, but many, traditional banks are very busy with themselves. As a result, they’re often too distracted to confront external disruptors. It also means there's little time or consideration for their own disruptive evolution. There are just too many other things to tackle first.

Fallback solutions for PSD2’s strong customer authentication is a hot topic for months already and to be honest, nobody knows the perfect solution right now. Here’s a "sneak preview" from the latest BaFin workshop which is still to be finalized. Oh and by the way, just let us know in case you need some help with adjusting your PSD2 solution.

The UK is one of the most important payment markets in the world with some of the best anti-fraud tools in use. Great Britain will maintain this long term view of the fight against fraud by implementing a long term rollout of compliant and most effective SCA solutions.

Financial markets are getting ready Open Banking APIs are globally becoming catalysts for exposing banking systems towards partners – leaving banks with a crucial question of how to position themselves in a more and more ecosystem driven economy.